Louvre Abu Dhabi’s new exhibition, Bollywood Superstars: A Short Story of Indian Cinema, takes a look at the world of Indian storytelling.
The show, which has just opened and runs until June 4, is filled with detailed information.
Bollywood is generally used to refer to the Hindi-language film industry based in Mumbai (which used to be called Bombay). Films from Bollywood, as well as India’s many language-specific regional film industries — from Tamil Nadu to Kerala and West Bengal — are often characterised by elaborate stories filled with powerful musical numbers and intricately choreographed dance scenes in spectacular locations. They are a riveting experience, full of emotional highs and lows, often with larger-than-life storylines.
“It's a universal topic,” Souraya Noujaim, scientific, curatorial and collections management director at Louvre Abu Dhabi, tells The National.
This is the first time Louvre Abu Dhabi has presented an exhibition that centres on film, and one that focuses on the Indian subcontinent, on this scale.
The exhibition was organised in partnership with Musee du quai Branly — Jacques Chirac and France Museums.
The exhibition is curated thoughtfully, with the aim of not only entertaining, but also educating and inspiring Bollywood aficionados or novices to the genre.
“The first purpose of the exhibition was to feature main movies and main actors of Indian cinema history,” says Julien Rousseau, one of two curators of the show.
“The movies on display are a work of art. They are not only here to illustrate the other works in the exhibition, they're really shown as art, like a painting or sculpture.”
The exhibition includes more than 80 pieces, including photographs, textiles, graphic arts, costumes and more than 30 film extracts that offer context around the history of Indian cinema, from its beginnings in the late 19th century to the present day.
The exhibition is not set out in chronological order. The experience is connected thematically through a mix of different types of Indian cinema and artworks from Louvre Abu Dhabi, Musee du quai Branly — Jacques Chirac, Musee de l’armee, Musee national des arts asiatiques — Guimet, Al-Sabah Collection, Raja Ravi Varma Heritage Foundation and Priya Paul Collection.
It is instead organised through three different sections full of works from the ornamental to the interactive, as each space is connected through vibrant colours and a mix of art, artefacts and film.
The three sections of the exhibition
The first section looks at the early devices of storytelling, from scrolls, costumes, shadow puppets and tapestries to magic lanterns. Most of these items were used to depict the story of one of two major Sanskrit epics of ancient India — the Mahabharata and the Ramayana.
The show illustrates how these early vehicles of storytelling were used, and how they are still used today. Visitors will also learn how these stories themselves were translated and recreated to form the first films of India.
These items were also instrumental in dance. They were often used to demonstrate a character’s elaborate poses and movement.
“We wanted to show the importance of dance in Indian art because the choreography is like a language for Indian visual arts,” says Rousseau.
“These dancing positions express feelings. Dancing, of course, is also one of the main inspirations for the cinema.”
The second focuses on early blockbusters in the context of their historical and mythological influences.
This part of the exhibition features everything from posters and movie clips to an interactive section where visitors can stand in front of a green screen with a changing background and put themselves in various Bollywood films.
The exhibition concludes with a focus on more contemporary cinema, as well as Bollywood's superstars. This final section includes a recreation of the ornate Art Deco single-screen cinemas of India, where audiences would go in the 1970s to see new releases and re-runs of classic films. Today, most are closed or abandoned.
“We decided to screen footage of Sholay, which is one of the first Bollywood blockbusters,” says Helene Kessous, the exhibition's second curator.
“The word Bollywood appeared during this time, in the 1970s, and this film shows everything [from the genre], romance, action, drama, everything all in one movie.”
The exhibition also makes a point to showcase Indian movies that don’t solely fall into the commercial realm.
“Cinema in India is a plural form,” says Kessous. “We wanted also to give a glimpse of another kind of cinema that presents another kind of India.”
As part of this effort, visitors can see footage and photos from black-and-white films, such as the work of renowned director Satyajit Ray, who was known for his slow, neorealist non-commercial films.
The curators hope that through the exhibition, visitors will leave with a deeper understanding of how this internationally loved film genre came to be.
“Mainly we try to show you how to appreciate and to understand this history,” says Rousseau. “We are not here really to explain the magic of the movies, because that, we cannot really explain.”
Bollywood Superstars: A Short Story of Indian Cinema is on view at Louvre Abu Dhabi until June 4
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
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2. Paul Pogba - to Manchester United in 2016/17 - €105m
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4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
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7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
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MATCH INFO
Uefa Champions League semi-final, first leg
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Name: Brendalle Belaza
From: Crossing Rubber, Philippines
Arrived in the UAE: 2007
Favourite place in Abu Dhabi: NYUAD campus
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Retirement funds heavily invested in equities at a risky time
Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.
Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.
The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.
The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.
Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.
The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.
• Bloomberg
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THE SPECS
Engine: 1.5-litre, four-cylinder turbo
Transmission: seven-speed dual clutch automatic
Power: 169bhp
Torque: 250Nm
Price: Dh54,500
On sale: now
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Rating: 2/5
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”